203 Prospect St
Ithaca, NY 14850
- 6 Beds
- 2 Baths
- 2,656 sqft
6 Beds
2 Baths
2,656 sqft
Local Information
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Description
Exceptional fully rented 2-unit investment property located just a few blocks from Downtown's Ithaca Commons, generating a gross income of $54,000 through July 31, 2026, and $55,800 for the following year through July 31, 2027. Each apartment offers 3 bedrooms and 1 bath, featuring hardwood floors, kitchens with vintage charm, spacious living and dining areas, many vinyl windows, and convenient access to a shared washer and dryer in the main foyer. Off-street parking and a garage provide ample vehicle space, while both units share a welcoming front porch, a backyard ideal for entertaining, and a back porch and patio accessible from the second-floor apartment as well as from ground level, enhancing outdoor enjoyment. Fully furnished units are equipped with the following appliances: one gas stove and one electric stove, two refrigerators, one dishwasher, two range hoods, and shared washer/dryer in the main foyer, with tenants responsible for all utilities, including water and sewer. A current Certificate of Compliance dated 7/28/2025 is included in the attached documents. Average maintenance expenses, which also include painting, cleaning, repairs, and supplies for turnovers, calculated from the past three years, are $4,455 per year, with insurance for 2025 at $2,900 annually, accounting at $378 per year, and advertising at $145 per year. Snow removal and lawn care are handled by the owner, with only gas for the lawnmower, approximately $200 per year.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from April 16, 2026
Home Highlights
Parking
Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$143/sqft
Listed
180+ days ago
Home Details for 203 Prospect St
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MLS Status: Closed |
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Interior Details Basement: Crawl Space,Exterior Entry,Full,Walk-Up Access |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2656 Square Feet |
Appliances & Utilities Utilities: High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Gas Water HeaterLaundry: Common Area |
Heating & Cooling Heating: Gas,Hot Water,SteamHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Gas |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Hardwood, Tile, Varies, Vinyl |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Hardwood, Tile, Varies, Vinyl |
Room & Shared Space Shared space is furnished |
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Exterior Home Features Roof: AsphaltPatio / Porch: PatioFencing: PartialExterior: Fence, PatioFoundation: Stone |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageParking Spaces: 2Parking: Common,Two or More Spaces,Garage |
Frontage Road Frontage: City StreetNot on Waterfront |
Water & Sewer Sewer: Connected |
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Cumulative Days on Market: 3 |
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Year Built Year Built: 1864 |
Property Type / Style Property Type: ResidentialProperty Subtype: Duplex, Multi FamilyArchitecture: Duplex |
Building Construction Materials: Blown-In Insulation, Vinyl Siding, Copper Plumbing |
Property Information Condition: ResaleParcel Number: 50070008100000050020000000 |
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Price List Price: $380,000Price Per Sqft: $143/sqft |
Status Change & Dates Off Market Date: Thu Nov 06 2025Possession Timing: Rental Agreement, Subject To Tenant Rights |
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Direction & Address City: Ithaca City |
School Information Elementary School: South HillElementary School District: IthacaJr High / Middle School: Boynton MiddleJr High / Middle School District: IthacaHigh School: Ithaca Senior HighHigh School District: Ithaca |
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Building Area Building Area: 2656 Square Feet |
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Not Senior CommunityUnits in Building: 2 |
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Association for this Listing: Ithaca Board of Realtors |
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Lot Area: 6838.92 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, Owner Will Carry |
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Energy Efficiency Features: Windows |
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Rent Includes: Gardener, Parking, Snow RemovalFurnishedOwner Pays: Grounds Care, Garage, Snow Removal |
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BasementMls Number: R1642286Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-50070008100000050020000000-R-N |
Last check for updates: about 3 hours ago
Listed by Lindsay Lustick Garner, (607) 227-7456
Linz Real Estate
Bought with: Lindsay Lustick Garner, (607) 227-7456, Linz Real Estate
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1642286

Price History for 203 Prospect St
| Date | Price | Event | Source |
|---|---|---|---|
| 01/09/2026 | $380,000 | Sold | NYSAMLSs #R1642286 |
| 11/06/2025 | $380,000 | Pending | NYSAMLSs #R1642286 |
| 11/03/2025 | $380,000 | Listed For Sale | NYSAMLSs #R1642286 |
| 09/08/2025 | $430,000 | ListingRemoved | NYSAMLSs #R1586578 |
| 08/27/2025 | $430,000 | PriceChange | NYSAMLSs #R1586578 |
| 04/11/2025 | $446,000 | Listed For Sale | NYSAMLSs #R1586578 |
| 03/27/2025 | $446,000 | ListingRemoved | NYSAMLSs #R1586578 |
| 03/24/2025 | $446,000 | Listed For Sale | NYSAMLSs #R1586578 |
| 02/25/2021 | ListingRemoved | N/A | |
| 10/28/2020 | $4,200 | ListingRemoved | N/A |
| 10/16/2020 | $4,200 | Listed For Rent | N/A |
| 05/10/2012 | $240,000 | Sold | NYSAMLSs #IB135039 |
| 01/13/2012 | $282,000 | Pending | Agent Provided |
| 11/19/2011 | $282,000 | PriceChange | Agent Provided |
| 11/05/2011 | $287,750 | Listed For Sale | Agent Provided |
| 12/03/1999 | $92,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2025 |
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| Tax | |
| Assessment | $420,000 |
Home facts updated by county records
Comparable Sales for 203 Prospect St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.29 | Multi-Family Home | $401,000 | 03/13/26 | 6 | 2 | 3,326 | |
0.18 | Multi-Family Home | $350,000 | 03/03/26 | 6 | 2.5 | 2,240 | |
0.04 | Multi-Family Home | $685,000 | 04/16/26 | 8 | 4 | 3,700 | |
0.17 | Multi-Family Home | $505,000 | 03/04/26 | 5 | 4 | 3,080 | |
0.33 | Multi-Family Home | $352,500 | 12/08/25 | 4 | 2 | 2,011 | |
0.49 | Multi-Family Home | $580,000 | 08/19/25 | 7 | 3 | 2,666 | |
0.46 | Multi-Family Home | $310,000 | 08/12/25 | 4 | 2 | 2,408 | |
0.45 | Multi-Family Home | $320,000 | 03/05/26 | 4 | 2 | 1,792 |
Assigned Schools
These are the assigned schools for 203 Prospect St.
What Locals Say about Ithaca
At least 179 Trulia users voted on each feature.
92 % Say it's dog friendly
81 % Say car is needed
78 % Say there's wildlife
77 % Say parking is easy
73 % Say people would walk alone at night
64 % Say yards are well-kept
62 % Say kids play outside
60 % Say it's quiet
59 % Say neighbors are friendly
58 % Say there are sidewalks
56 % Say there's holiday spirit
54 % Say it's walkable to restaurants
49 % Say they plan to stay for at least 5 years
45 % Say it's walkable to grocery stores
43 % Say streets are well-lit
39 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for rent near 203 Prospect St
203 Prospect St, Ithaca, NY 14850 is a 6 bedroom, 2 bathroom, 2,656 sqft multi-family built in 1864. This property is not currently available for sale. 203 Prospect St was last sold on Jan 9, 2026 for $380,000 (0% higher than the asking price of $380,000). The current Trulia Estimate for 203 Prospect St is $385,400.